TD Waterhouse Canada Inc. Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• TD Waterhouse Canada bought 8,749 shares of Expeditors International worth approximately $1.64 million in the third quarter. Institutional investors and hedge funds own 94.02% of the company.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.
• EXPD opened at $197.20, near its 52-week high of $200.66. Despite some recent price-target increases, analysts maintain a consensus “Hold” rating with an average target of $175.27.

TD Waterhouse Canada Inc. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,749 shares of the transportation company's stock, valued at approximately $1,642,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its position in shares of Expeditors International of Washington by 2.7% during the third quarter. V Square Quantitative Management LLC now owns 4,888 shares of the transportation company's stock worth $903,000 after buying an additional 129 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Expeditors International of Washington by 912.0% during the third quarter. Assenagon Asset Management S.A. now owns 166,811 shares of the transportation company's stock worth $30,800,000 after buying an additional 150,328 shares during the period. Ninety One UK Ltd purchased a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $43,000. Ashurst Perkins Coie Trust Co acquired a new stake in Expeditors International of Washington in the third quarter valued at approximately $46,000. Finally, Mather Group LLC. raised its holdings in Expeditors International of Washington by 6.4% in the third quarter. Mather Group LLC. now owns 1,051 shares of the transportation company's stock valued at $194,000 after acquiring an additional 63 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

EXPD opened at $197.20 on Thursday. Expeditors International of Washington, Inc. has a one year low of $116.84 and a one year high of $200.66. The company has a market cap of $25.63 billion, a P/E ratio of 34.48, a PEG ratio of 5.00 and a beta of 1.07. The business's 50-day simple moving average is $190.28 and its 200-day simple moving average is $171.76.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The firm's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, October 2nd. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a report on Wednesday, July 8th. TD Cowen increased their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a research report on Wednesday, August 5th. Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, October 1st. Finally, Truist Financial raised their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $175.27.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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